Tuesday, February 1

Adding Value With Philanthropy

Last week, I received a news release from a friend of mine at Bank of America announcing that the Bank of America Foundation gave more than $800,000 in financial support to 83 agencies in Nevada last year. Bank of America volunteers also logged more than 3,500 hours in the community. Nationwide, the company's foundation contributed more than $109.5 million in cash to nonprofit organizations.

Although Copywrite, Ink. is a small company in terms of size, we also formalized a corporate giving program a few years ago. In most cases, we provide nonprofit and professional organizations with in-kind communication services that greatly exceed any monetary contributions our company could allocate. Last year, we assisted 16 organizations by providing an in-kind services that were valued at more than 20 percent of our gross income. I mention this not to 'toot our own horn,' but to illustrate how even the smallest companies can develop beneficial giving programs.

The Bank of America release also reminded me of an article I wrote a few years ago about business giving, which is still relevant today. I've included the article (featuring interviews with Microsoft, Salesforce.com, and the Business Community Investment Council) as a comment to this post with the hope that it might inspire a few ideas for small business owners. Our company has also assisted several companies in developing giving programs as part of their overall communication strategy. Enjoy.
 

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